Russia Economy Recovering as Oil Reliance Eases, Dvorkovich Says
This article is for subscribers only.
Russia’s economy showed signs of recovery in the first and second quarters amid a declining dependence on oil, Russian Deputy Prime Minister Arkady Dvorkovich said.
“Oil prices are not as important to the Russian economy as before,” Dvorkovich told Bloomberg TV Monday at the World Economic Forum on East Asia in Jakarta, adding that other factors such as the global environment and Russia’s own polices influence its economy. “As far as oil prices are concerned, we can live with different prices and still grow.”